House prices would rise under Labour's capital gains tax - economist
The long-term effect of a capital gains tax is an increase in New Zealand house prices, according to BNZ economist Tony Alexander.
“This arises because investors with existing properties will be reluctant to trade them.”
This is because the capital gains tax proposed by Labour will not
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Chris Hutching
Wed, 20 Jul 2011
Wed, 20 Jul 2011
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House prices would rise under Labour's capital gains tax - economist
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